Peter Brandt predicts the exact day Bitcoin’s bear market will be over

Veteran trader Peter Brandt has identified October 4, 2026, as the exact day he expects Bitcoin to reach the bottom of the current market cycle. Brandt, with 51 years of trading experience, has consistently maintained this prediction despite the inherent difficulty of timing precise market bottoms. He suggests that Bitcoin might fall below its current levels near $64,000, potentially dipping into the high $40,000s, before establishing a cycle low.

Brandt highlights that every major Bitcoin bear market since its inception involved corrections of over 80%. Using Bitcoin's previous high in the $120,000 range as a reference, this would imply a significant price decline before the market fully bottoms. Although many traders view the current $60,000 area as the cycle bottom, Brandt remains skeptical, noting that market bottoms usually occur amid panic and high trading volume, not neutral sentiment. He believes that those who are optimistic now may eventually give up on Bitcoin before the bottom is reached.

Additionally, Brandt downplays the sustainability of the current AI stock boom and suggests a balanced investment approach. He would split a hypothetical $10,000 investment equally between Bitcoin and precious metals, reasoning that precious metals are closer to a price bottom, while Bitcoin is closer to a time bottom. He projects that Bitcoin’s cycle peak will not arrive until 2029, with a price range between $250,000 and $300,000, which contrasts with more ambitious forecasts aiming for $1 million by 2030.

Cointelegraph stresses that Brandt’s views represent expert opinion and are not financial advice. Readers are encouraged to conduct independent research and consult professionals before making investment decisions.